News

December 9, 2011

President of Starcore Retires

Vancouver, B.C. - Starcore International Mines Ltd. (the “Company”) announced today that Ralf Kleine is stepping down as President of the Company and will be handing overall responsibility for the day-to-day operations at the San Martin Mine in Queretaro to Robert Eadie, Executive Chairman and CEO of the Company. Kleine, who has been providing leadership at the San Martin Mine since April 2010, will continue to serve as a member of Starcore’s Technical Advisory Board.

“Ralf has been the key figure in elevating San Martin’s production figures over the last year and a half and increasing our reserves,” said Robert Eadie, who will serve as Interim President. “Now that he is retiring, we are particularly fortunate that he has agreed to continue to serve as a member of our technical advisory board. We look forward to many more years of his sharing his expertise to increase the efficiency and profitability of our operations.”

For more information on the Company visit our website at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.


Signed “Robert Eadie”

Robert Eadie, Executive Chairman & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Robert Eadie
Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935 / Facsimile: 1-604-602-4936

The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

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